664 S Cloverdale Ave - Apartments FOR SALE


Los Angeles, CA 90036- Miracle Mile
$1,995,000 USD
424-416-3307
664 S Cloverdale Ave, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

664 S Cloverdale Ave
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Central Miracle Mile Location & Walkable Lifestyle Core — steps from The Grove, The Original Farmers Market, and premier cultural institutions.
  • Transit-Oriented Growth Corridor — Immediate access to the newly opened metro D line that provides direct connection to downtown LA and Beverly Hills
  • Strong Everyday Amenities Network — Surrounded by premier daily conveniences including Trader Joe’s, Whole Foods Market, boutique cafés, etc.
  • Classic Los Angeles Multifamily Asset — Courtyard-style building offering desirable tenant features including natural light and functional layouts.
  • LAC2 Zoning Development Potential — The property is zoned LAC2, which may allow up to 16 units by right, with the potential for additional units.

OVERVIEW

664 S Cloverdale Avenue is a rare, family-owned multifamily asset located in the heart of Los Angeles’ highly desirable Miracle Mile / Mid-Wilshire submarket. Positioned moments from The Grove, Original Farmers Market, LACMA, Petersen Automotive Museum, Academy Museum, Trader Joe’s, Whole Foods, and the newly opened Metro D Line extension, the property offers tenants immediate access to one of the city’s strongest lifestyle, cultural, and transit-oriented corridors. The property features a classic Los Angeles courtyard-style configuration with four spacious two-bedroom units, abundant natural light, functional layouts, and desirable architectural character. Long-term ownership and consistent care provide a stable foundation for a new investor to preserve the asset’s existing income while pursuing future value-add opportunities. Building systems, including plumbing,electrical, and roof, are in good condition with ongoing maintenance, supporting a well-preserved physical profile and reducing near-term capital exposure. Supported by strong tenant demand, limited rental supply, walkable amenities, and expanding Metro connectivity to Beverly Hills, Century City, and Downtown Los Angeles, 664 S Cloverdale Avenue presents a well-located multifamily opportunity for investors seeking durable cash flow, rental upside, and long-term appreciation in one of Los Angeles’ most resilient rental submarkets.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

4

PRICE/UNIT

$498,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LAC2

APN/PARCEL ID

5508-008-028

ASK ABOUT THIS PROPERTY

Eli AppelEquity Union CommercialMore Info
424-416-3307

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Eli AppelEquity Union CommercialMore Info
424-416-3307

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.